India's coal imports rose 10% to 156 MT during Apr-Nov period

11-Dec-2018

India's coal imports rose 10% to 156 MT during Apr-Nov period

India's coal imports rose 9.7 per cent to 156.08 million tonne (MT) in the April-November period of the ongoing fiscal, as against 142.25 MT in the year-ago period, according to a report by mjunction services.

Coal imports in November increased 10.1 per cent to 19.47 MT, over 17.68 MT in the same period a year ago.

mjunction -- a joint venture between Tata Steel and SAIL -- is a B2B e-commerce company and also publishes research reports on coal and steel verticals.

"Imports during November 2018 stood at 19.47 MT (provisional)... Earlier, coal and coke imports in November 2017 stood at 17.68 MT," it said.

Of the total imports last month, import of non-coking coal was at 14.24 MT, against 15.23 MT imported in October 2018.

"The significant correction in thermal coal prices in November prompted buyers to take a wait and watch approach. There, however, was a stable trend in met coal market and this was reflected in the buying pattern," mjunction CEO Vinaya Varma said.

The import of coking coal was at 3.93 MT in November 2018, almost flat against 3.94 MT imported a month ago.